Real World Business is better...

I am thinking about starting real business world, supported by money from online business (my apps and products). If I can support real world business with clean $500-$1k/day, it can be better than online.

Online business:
+you can work when you want, from where you want
+you can scale it cheaper than offline
+more clients
-you are fighting with payment processors everyday
-you are figthing with Google everyday, no matter you are doing SEO, ASO, or something else, Google hates you and can strike you even you are pure white hat, you can be tired someday. Maybe in 1-2 years, I will be able to abandon online business, who knows, it should be insane scaled to be compared to online
-loneliness, I am trying to make contacts and teach people to not be alone, but still you are alone in you flat, watching on screen and writing for example this post

Offline business:
+in good location, you have always traffic, ALWAYS, you don't need to fight with Google, social websites or something else
+it's not more expensive, it's expensive only if you are trying to start earning $10/day in the internet but if you try to earn $5000/day and more, the price is similar, in the internet you need to have coders, graphics designers, marketers, spend a lot for services, freelancers, etc.
-on the begining you need to put more effort and investment (this will be equal on the end)


So the best would be connect online to support offline and try to scale it.

What would be good?
-restaurant or foodtruck network
-funeral company (ouch)
-I don't know, I need to buy some 50x forbes magazine to check it out

What I want to say, I am tired to fighting for traffic

Every place I go I instantly pull out my phone and do math. For ex the pizza place nearby has 4 workers, 2 in the store, 2 delivery.

It cost 3-4k maybe to rent the place per month honestly idk. Than another 3k for supplies, and 4 employees working 9 hours a day cost them if minimum wage over in Canada is $14 I think 15k a month so total expenses a month is 21k.

Now if the pizza cost $2 to make and you sell for on average $16 then it’s $14 per delivery.

$1400 coming in everyday if you make 100 delivery’s per day. Expenses per day is $700 and if you work in a big city it could be possible to make 200 drop offs a day if you have proper traffic.

$1400 x 30 - 21000 = $21000 a month in pure profit. That x 12 is 252,000 basically on auto pilot since you hired people.

4 stores and youre clearing 1 million a year.

That's why fish and chips rocks on every corner in London.

I wish to have some extra 30 , 40k to start one.

i came here to do online business but ended up importing stuff from China and coming here in the next few weeks, quite exciting actually but I do have yo do more eg set up business, make business plan and find customers its kinda like a food truck who knows see how it goes

bigvision said:

Every place I go I instantly pull out my phone and do math. For ex the pizza place nearby has 4 workers, 2 in the store, 2 delivery.

It cost 3-4k maybe to rent the place per month honestly idk. Than another 3k for supplies, and 4 employees working 9 hours a day cost them if minimum wage over in Canada is $14 I think 15k a month so total expenses a month is 21k.

Now if the pizza cost $2 to make and you sell for on average $16 then it’s $14 per delivery.

$1400 coming in everyday if you make 100 delivery’s per day. Expenses per day is $700 and if you work in a big city it could be possible to make 200 drop offs a day if you have proper traffic.

$1400 x 30 - 21000 = $21000 a month in pure profit. That x 12 is 252,000 basically on auto pilot since you hired people.

4 stores and youre clearing 1 million a year.

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You don't count the cost of labour force, for Canada it's expensive, not in Europe, especialy Poland.

Meddie said:

That's why fish and chips rocks on every corner in London.

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You don't know how much they earns. Beggar in London can make 500 pounds/day, there are many articles about it.
Whan I mean, you have ALWAYS FREE TRAFFIC - this is the difference. You need to be just good, have a good location and nice bilboard. In the internet you can be good, have good SEO and nice design but there are hundreds of people who

online business side effect : you are on huge stress everyday and exposed to machine that send waves to your body .
the good side you can work anywhere .

it's kill time pretty fast careless about what happens around you ... but it's a lot better than being loser without job.

vinku said:

You don't count the cost of labour force, for Canada it's expensive, not in Europe, especialy Poland.




You don't know how much they earns. Beggar in London can make 500 pounds/day, there are many articles about it.
Whan I mean, you have ALWAYS FREE TRAFFIC - this is the difference. You need to be just good, have a good location and nice bilboard. In the internet you can be good, have good SEO and nice design but there are hundreds of people who

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You have to count every penny spent in Canada it’s expensive but the consumers have more disposable income.

bigvision said:

You have to count every penny spent in Canada it’s expensive but the consumers have more disposable income.

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I think you can be wrong. You will buy much more food and normal stuff in Poland for your salary than in Canada or USA. You will buy only more iphones and cars.
Everything else is more expensive, including real estate.

An example, cost $150k, in Canada you can have a garage for this price:

vinku said:

I am thinking about starting real business world, supported by money from online business (my apps and products). If I can support real world business with clean $500-$1k/day, it can be better than online.

Online business:
+you can work when you want, from where you want
+you can scale it cheaper than offline
+more clients
-you are fighting with payment processors everyday
-you are figthing with Google everyday, no matter you are doing SEO, ASO, or something else, Google hates you and can strike you even you are pure white hat, you can be tired someday. Maybe in 1-2 years, I will be able to abandon online business, who knows, it should be insane scaled to be compared to online
-loneliness, I am trying to make contacts and teach people to not be alone, but still you are alone in you flat, watching on screen and writing for example this post

Offline business:
+in good location, you have always traffic, ALWAYS, you don't need to fight with Google, social websites or something else
+it's not more expensive, it's expensive only if you are trying to start earning $10/day in the internet but if you try to earn $5000/day and more, the price is similar, in the internet you need to have coders, graphics designers, marketers, spend a lot for services, freelancers, etc.
-on the begining you need to put more effort and investment (this will be equal on the end)


So the best would be connect online to support offline and try to scale it.

What would be good?
-restaurant or foodtruck network
-funeral company (ouch)
-I don't know, I need to buy some 50x forbes magazine to check it out

What I want to say, I am tired to fighting for traffic

Click to expand...

buy garages and rent them

blacksharks said:

buy garages and rent them

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It's a good idea but you need 100-500 garages

In my country it cost $50-$100/month for garage, price $5k-$10k

i can't agree
i had a pizzeria and went bankrupt
online all the way

soa0611 said:

i can't agree
i had a pizzeria and went bankrupt
online all the way

Click to expand...

There could be a reason:
-location
-shitty pizza
-prices

If you have good quality, nice prices and location, it's impossible to bankrupt

vinku said:

I think you can be wrong. You will buy much more food and normal stuff in Poland for your salary than in Canada or USA. You will buy only more iphones and cars.
Everything else is more expensive, including real estate.

An example, cost $150k, in Canada you can have a garage for this price:

Click to expand...

A garage in Canada costs much more than 150K

restaurant or foodtruck network

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Thinking about same stuff,. I was working at a restaurant in the past. Truth is without a place you own it may not work. If you have your own place in some good location no matter what you will open here, its going to work. My ex gf was working in small kebab in Kraków, guy who opened this micro restaurant spend on it like 3-4k usd from what i know. Net profit he had was about 0.7k-1k usd a month. Quite alot but it will eat your time.

For ex the pizza place nearby has 4 workers, 2 in the store, 2 delivery.

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I was working at such pizza place like 8 years ago, good location, i would say about 40-50 seats. I was only one at delivery but there were more people at place, 2 guys for doing pizza or 3, one girl at cash deck and one who served meals.
Pizza is no longer there lol, idk why but they are out of business totally so its not going to work always. Always something bigger/better can open nearby. Always you need to compete.

I was also working at 2 beer bars, both were badly managed but both were iconic place for some people. Both this bars are gone, mostly because owner only rented place, and such situation can be pain in ass. You open a bar/restaurant, make it popular etc, one day place owner think hey this guy pay me $x per month, i could get 2x $x k per month just by terminating place rental contract and hiring all his workers in same restaurant just under different name, and bam... you are left with nothing. I saw such scenarios in real life.

P.S. There is another thing to consider, workers in such places (bar, restaurant) can steal money, its quite easy. You need to hire a manager, and he can also steal. In one restaurant i know barman was selling his own beer for years, he just ordered his own barrels of beer. and it was working for him for like 3-4 years.

vinku said:

There could be a reason:
-location
-shitty pizza
-prices

If you have good quality, nice prices and location, it's impossible to bankrupt

Click to expand...

it seems you never had an offline biz

bigvision said:

Every place I go I instantly pull out my phone and do math. For ex the pizza place nearby has 4 workers, 2 in the store, 2 delivery.

It cost 3-4k maybe to rent the place per month honestly idk. Than another 3k for supplies, and 4 employees working 9 hours a day cost them if minimum wage over in Canada is $14 I think 15k a month so total expenses a month is 21k.

Now if the pizza cost $2 to make and you sell for on average $16 then it’s $14 per delivery.

$1400 coming in everyday if you make 100 delivery’s per day. Expenses per day is $700 and if you work in a big city it could be possible to make 200 drop offs a day if you have proper traffic.

$1400 x 30 - 21000 = $21000 a month in pure profit. That x 12 is 252,000 basically on auto pilot since you hired people.

4 stores and youre clearing 1 million a year.

Click to expand...

Expect in reality it never really works like that and they are just vanity figures.

Also you are forgetting licenses, VAT, corp tax, income tax, insurance, solicitors, accountants, maintenance of equipment - that will take your margin now maybe 30-40%.

This also doesn't include what most companies do which is hire purchase, and initial start up costs for loan repayments.

If you have good quality, nice prices and location, it's impossible to bankrupt

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Overall you are right, but good location is equal to owned location, and such location can be $1kk in Poland, can be more. From such restaurant you can have maybe $10k a month pure profit, lets say its 10% ROI a year. On 1 hand not bad, on other hand such ROI is nothing in IM.

soa0611 said:

it seems you never had an offline biz

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Agreed, people make it seem so easy yet 9/10 ventures fail after 3 years and it isn't down to bad locations, prices or anything like that. It is usually just lack of finances, you start a business thinking you'll make X amount of sales next month and they don't come.. then your stuck in your overdraft and have major cashflow issues.

joseph15 said:

A garage in Canada costs much more than 150K

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Like I though, my grandfather built similar mini house for garden tools. Spent 1,5k$
My parents also have similar but in the garden outside city for grill place

vinku said:

It's a good idea but you need 100-500 garages

In my country it cost $50-$100/month for garage, price $5k-$10k

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WTF, 100 garages ? i'm talking about quality over quantity bro, 100$ a month for bad garages in bad places